THE WALL STREET JOURNAL/BARRON’S ONLINE: Scapegoat?: “Sir Philip Watts, Royal Dutch/Shell's ousted chairman, defended his role in the oil conglomerate's energy-reserves scandal.” (ShellNews.net)

20 Sept 04

Sir Philip Watts, Royal Dutch/Shell's ousted chairman, defended his role in the oil conglomerate's energy-reserves scandal. He contends that he depended on internal and external auditors to satisfy himself that Shell had disclosed accurate data about its oil and gas holdings, and didn't know they were overstated.